The range of functional roles at a hedge fund is variable across the lifespan of that fund, and also variable for different funds in the industry. Just as a new fund must often start small in terms of assets under management, typically there are few people on the initial team as well, with every partner or employee wearing multiple hats. Some funds keep it that way for their entire life span; organization at a small fund tends to be informal.
One manager of a small fund remarked to us, “I give titles because people in the outside world need them. But titles create a certain hierarchy, and while there is always one person who makes the final decision, if you treat people like we’re all equal, people appreciate it and have a vested interest. Everybody knows they have a vested interest here; that’s why they’re loyal.”
As a fund proves its strategy, develops its track record and grows its assets, its team may fill out in various directions. Retaining an alternative assets sales and marketing professional is often a priority. The fund may outsource or insource other services as well, according to its needs.
One recruiter described to us a position for a Chief Technology Officer that he’s working to fill right now. The employer has been successful, is pushing the fund to $1 billion by the end of 2008, and is now in a position to acquire a new office space and insource technology for the sake of greater control and speed for their trades. “All kinds of outsourced services are available for hedge funds,” the recruiter says, “but you wonder whether they’re really putting your trades at equal priority.”
The selection, below, from among the hedge fund jobs we’ve published shows the range of functional roles in the industry. The individual posts give an accurate idea of the responsibilities and qualifications for each kind of position. (Legal work is an area we don’t cover.) Size, maturity and geography (as well as, of course, investment strategy and the skills of the founding partner(s)) are factors in determining the needs that drive hedge fund hiring.
Senior Developer / Quant Hedge Fund Job in New York / Greenwich
Probably this firm is interested in talking to more, rather than fewer, candidates, within an entrepreneurial environment where a wider, rather than narrower, skill set will be appreciated…
Tax Manager Hedge Fund Job in Dallas / Fort Worth
This is a mid- to senior-level position for a solid accountant with thorough knowledge of relevant tax issues…
Hedge Fund Portfolio Manager Job in Dubai
Here’s a recent Dubai-based hedge fund portfolio manager job from one of several recruiters with a focus on MENA hedge fund jobs…
IT Manager Hedge Fund Job in New York
This opportunity to run the show (from the IT perspective) at an NYC hedge fund is a pure tech role…
Investor Services Hedge Fund Job in New York City
This recent job post by a major bank and financial services organization indicates four areas of responsibility for a hedge fund investor services professional…
Middle Office Hedge Fund Analyst Job
As the industry consolidates — large funds becoming larger — internal operations become correspondingly more complex and involve more personnel…
Hedge Fund Assistant Portfolio Manager Job in San Francisco
As institutional investors turn away from small funds, but remain interested in the hedge fund asset class, major employers like this one are somewhat insulated from the bad weather…
MBS Sales / Asset-Raising Hedge Fund Job
It’s a good year to be a talented hedge fund marketer or a salesperson with a deep network…
Hedge Fund Junior Execution Trader Job in Greenwich, CT
This junior position is an ideal illustration of a break-in opportunity to the hedge fund industry…
Chief Operations Officer and Chief Technology Officer (COO/CTO) Hedge Fund Job in SoCal
Six year-old equity hedge fund / broker-dealer is looking for a unique combination of talents…
Hedge Fund Energy Trader Job in San Diego
Successful and rapidly growing boutique hedge fund manager…
Hedge Fund Software Engineer Job in Los Angeles, CA
A solid engineer can land a job developing trading or accounting systems with no experience in the markets at all…
Hedge Fund Equity Research Analyst Job in New York
The analyst will join a portfolio team that trades long/short, event driven and/or pair trading strategies…
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